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one of the options below is not the source of income for non- profit organization

Accounts - Principles of Accounts
JAMB 2017

one of the options below is not the source of income for non- profit organization
  • A. Entrance fees
  • B. subscription/dues
  • C. odrinary shares
  • D. Donations
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Correct Answer: Option C
Explanation
Ordinary shares: This type of source of income is only used in profit oriented organization to generate fund the pubic so as to enable the organization make more profit at the end of a specified period

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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Join your school's WhatsApp group
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts